Ascend Wellness Q3 revenue rises on retail growth
AAWH•Ascend Wellness’ third-quarter revenue rose 4.2% year over year to $130 million, while adjusted EBITDA increased to $31.1 million. The company expects fourth-quarter revenue to rise 1% to 2% sequentially.
1. Revenue and outlook
Ascend Wellness said third-quarter revenue increased 4.2% year over year to $130 million, driven by new store openings and higher retail transactions. Adjusted EBITDA was $31.1 million, with a 23.9% margin; net loss was $27.95 million. Wholesale revenue declined due to a work stoppage at its Barry, Illinois facility and lower pricing. The company expects fourth-quarter 2026 revenue to rise 1% to 2% sequentially, an adjusted EBITDA margin consistent with the third quarter, and full-year capital expenditures of about $20 million.
